Global Hair Styling Tools Market Size, Share, Growth Analysis, By Application(Household, Commercial), By Distribution Channel(Supermarkets, Specialty Stores), By Type(Manual and Electric)

Description

Global Hair Styling Tools Market size was valued at USD 26.18 billion in 2021 and is poised to grow from USD 27.47 billion in 2022 to USD 38.36 billion by 2030, growing at a CAGR of 4.9% in the forecast period (2023-2030).

The global hair styling tools market is experiencing steady growth due to increasing consumer demand for innovative and efficient hair styling solutions. Technological advancements have led to the development of high-performance tools, such as hairdryers, straighteners, and curling irons, which offer enhanced convenience and salon-like results at home. Rising fashion consciousness and the influence of social media on beauty trends are driving the market's expansion, with a focus on user-friendly, durable, and eco-friendly products.

Top-down and bottom-up approaches were used to estimate and validate the size of Hair Styling Tools and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report:

Global Hair Styling Tools Market is segmented based on the Application, Distribution Channel, product type, and region. Based on the Application, the Hair Styling Tools Market is segmented as household and commercial. Based On Distribution Channel, the Hair Styling Tools Market is segmented as, Online Channels, Supermarkets, Speciality Stores and Others. By product type, the market is segmented into manual and electric. Based on Region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Driver

The continuous development of fashion trends plays a crucial role in propelling the hair styling market in the region. As hairstyles rapidly change in response to influences from movies and fashion trends, consumers opt for either professional salon services or do-it-yourself methods to stay up-to-date. This trend significantly contributes to the increased sales of hair styling equipment.

Restrain

The high cost of electrical appliances makes straighteners and curlers less likely to succeed in low-income countries. Moreover, the availability of cheap imitations poses a challenge for branded tools. Furthermore, market growth is expected to be hindered by a rise in electric shock accidents.

Trends

The latest advancements in hair styling techniques are driving the growth of the hair styling equipment market and serving as a distinctive selling point thanks to their exceptional effectiveness and efficiency. The market for hair styling tools is expanding due to the introduction of innovative products like portable hair styling tools. The increasing trend of personal grooming and experimentation with different hairstyles has the potential to revolutionize the hair styling tool industry. An example of this is Nutrafol, a haircare wellness company that recently launched a growth activator utilizing natural plant-based ingredients and a collagen infusion powder designed to enhance hair strength.

Product Code: SQSG30L2018

Executive Summary

Market Overview
Wheel of Fortune
Research Methodology
Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
Drivers
Opportunities
Restraints
Challenges
Key Market Insights
Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition
Market Dynamics & Outlook
Market Dynamics
Drivers
Opportunities
Restraints
Challenges
Regulatory Landscape
Porters Analysis
Competitive rivalry
Threat of Substitute Products
Bargaining Power of Buyers
Threat of New Entrants
Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
Political Impact
Economic Impact
Social Impact
Technical Impact
Environmental Impact
Legal Impact

Global Hair Styling Tools Market by Application

Market Overview
Household
Commercial
Global Hair Styling Tools Market by Distribution Channel
Market Overview
Supermarkets
Specialty Stores
Online Channels
Others

Global Hair Styling Tools Market by Type

Market Overview
Manual and Electric
Global Hair Styling Tools Market Size by Region
Market Overview
North America
USA
Canada
Europe
Germany
Spain
France
UK
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East & Africa (MEA)
GCC Countries
South Africa
Rest of MEA
Competitive Landscape
Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
By Development
By Company
By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021
Key Company Profiles
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Business Segment Overview
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Business Segment Overview
Financial Updates
Key Developments
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Business Segment Overview
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Key Developments
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Business Segment Overview
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Key Developments
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Business Segment Overview
Financial Updates
Key Developments
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Business Segment Overview
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Key Developments
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Business Segment Overview
Financial Updates
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Company Overview
Business Segment Overview
Financial Updates
Key Developments
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Company Overview
Business Segment Overview
Financial Updates
Key Developments
Sultra
Company Overview
Business Segment Overview
Financial Updates
Key Developments

Global Hair Styling Tools Market Size, Share, Growth Analysis, By Application(Household, Commercial), By Distribution Channel(Supermarkets, Specialty Stores), By Type(Manual and Electric) - Industry Forecast 2023-2030